Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list NULS and support deposit and withdrawal & Automated Market Making (AMM) on May 21, 2021 (UTC). And its trading pairs NULS/USDT,NULS/BTC will be available on the same day.
About NULS
Website丨Explorer丨White Paper
NULS is a blockchain infrastructure that provides customizable services and is also a global open-source community blockchain project. NULS adopts micro-services to achieve a highly modular underlying architecture, using smart contracts and cross-chain technologies, combined with the ability of Chain Factory to quickly build chains, reduce development costs, and accelerate blockchain business application landing. NULS token will be used to promote the entire ecosystem. It will be used to support NULS-based applications, build the community, community governance, pay transaction fees, reward miners, pay chain-building fees and cross chain fees. The decentralized nature of NULS allows for a business model that bridges the gap of trust in using the technology as well allowing users to customize their side-chain to fit with their requirements. The simplicity of implementation comes from the architectural design of NULS where complex concepts such as cryptography, consensus mechanisms and storage methods are abstracted away from the developer, so they need only to be concerned with what they want to build that is within their skillset. The goal of NULS is to improve development time by offering a simple programmable environment that caters to the less experienced developer while facilitating extendibility for the more experienced individual.
NULS Services
1. Deposit: 7:00 May 21 (UTC)
2. Withdrawal: 7:00 May 21 (UTC)
3. Trading pairs: NULS/USDT, NULS/BTC
4. Opening method: Call Auction
a. Call Auction
7:00—10:50 May 21, 2021 (UTC)
Orders can be placed and cancelled
10:50-11:00 May 21, 2021 (UTC)
Orders can be placed but cannot be cancelled
b. Trading
11:00 May 21, 2021 (UTC)
The details of “NULS Listing Campaign: Trade to Share 3,000 NULS” event are as follows:
Duration: 11:00 May 21, 2021 - 00:00 May 28, 2021 (UTC)
During this period, with a trading volume of 100 USD worth of NULS and above, user can participate in the ranking to share 3,000 NULS proportionally. The detailed rewards are shown as below.
|
Ranking |
Reward per user (NULS） |
Total rewards（NULS） |
|
1 |
400 |
400 |
|
2 |
300 |
300 |
|
3-5 |
100 |
300 |
|
6-10 |
60 |
300 |
|
11-50 |
30 |
1200 |
|
51-100 |
10 |
500 |
Notes:
1. Trading volume = Buying + Selling.
2. Sub-accounts are not allowed to participate as an independent account, and the deposit volume of sub-accounts and leveraged accounts are also calculated into main-accounts.
3. During the event, should any cheating behavior be found, the user will be disqualified.
4. Reward distribution: Event rewards will be issued within 3 day after the event.
5. CoinEx reserves the right of final interpretation of these events.
What is Automated Market Making (AMM)?
Automated market making (AMM) can calculate the buying and selling price according to the formula, so as to provide continuous quotation for the market. CoinEx combines AMM with the order book, which means the liquidity pool will be automatically converted into the order book. With the "constant product market maker formula" algorithm in AMM, no matter how large the order book is or how small the liquidity pool is, firm liquidity provision to the market can be guaranteed. Learn more
Fees and Profit
Market supporting automated market making is an AMM market. Compared with normal market, AMM market adopts an independent fees system. The fees for both marker and taker is 0.3%. VIP and market makers will not enjoy any special fees, and using CET for fees deduction is unavailable. All users are qualified to apply for market makers, and 50% of the market's transaction fees will be rewarded to liquidity providers.
Characteristics of AMM
1. Bonus obtainable from automated market making
User’s provided liquidity will be injected into the pool for automated market making. 50% of the market's transaction fees will be rewarded to liquidity providers in terms of the corresponding pool proportion.
2. Daily bonus can be cumulatively withdrawn
The transaction fee bonus will be calculated once a day and automatically credited into the user's Market Making Account before 4:00 (UTC) the next day. The user can obtain all the accumulated fee bonus after removing liquidity.
3. Free access, no charge required
Assets between Spot Account and Market Making Account can be transferred in real time by adding and removing liquidity. Each user in a single market can increase liquidity twice a day, and no fees will be charged during the operation.
Risk Warning
The assets in the Market Making Account will be injected Into the liquidity pool for automated market making. When the price fluctuates, there will be impermanent losses, and the amount of the two assets will change when the liquidity is removed. More details about impermanent losses
CoinEx Team
May 21, 2021
Follow us Facebook | Twitter | Reddit
Contact us Support | Telegram
About us Website | Announcements | APP